NAGA (NAGA Markets) Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- from $250
- MT4
- MT5
- NAGA Web App
- NAGA iOS App
- NAGA Android App
- CySec
- 2015
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- from $250
- MT4
- MT5
- NAGA Web App
- NAGA iOS App
- NAGA Android App
- CySec
- 2015
Our Evaluation of NAGA
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
NAGA is a broker with higher-than-average risk and the TU Overall Score of 4.15 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by NAGA clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
NAGA is a regulated international broker whose terms and conditions are perfect for professional traders and experienced investors with a focus on stocks.
Brief Look at NAGA
NAGA (‘NAGA’) is a trademark of The NAGA Group AG which was founded in 2015. Naga Group AG is a German FinTech company publicly listed on the Frankfurt Stock Exchange. The company implements modern technologies and innovative solutions in order to compete with traditional financial institutions represented by banks and brokers in the investment market. Over 1 million active traders and passive investors currently use NAGA's Group brokerage services.
- Wide range of trading instruments.
- The opportunity to earn passive income using the social trading platform.
- High spreads on standard accounts.
- Lack of trading bonuses such as a Welcome bonus, account replenishment, etc.
- Limited choice of payment systems for replenishing the balance and the withdrawal of funds.
- The broker does not provide cent accounts.
TU Expert Advice
Financial expert and analyst at Traders Union
NAGA Group AG appeared on the financial services market in 2015 but has already proven itself as a reliable broker in Forex. The European division of the company operates under the license of the Cyprus regulator CySEC (204/13), which guarantees traders the protection of their funds and that all operations are transparent. The broker provides clients with free daily news, trading signals, and help from a personal manager.
Traders can open multicurrency accounts with NAGA, trade from any device, as well as copy transactions of other users trades. NAGA creates perfect conditions for cryptocurrency trading. The company introduced its proprietary virtual currency NGC and created several proprietary services, such as the NAGAX Crypto Exchange and the NAGA Crypto Wallet.
The broker's website is oversaturated with information, so it takes a lot of time to study it. NAGA debit cards can only be issued to customers from EU countries.
- You seek passive income opportunities by utilizing the social trading platform offered by this broker allowing copying the trades of successful traders. This feature allows you to benefit from the expertise of others while still maintaining control over your trading decisions.
- You value diverse trading instruments. This broker offers over 950 assets to choose from. Whether you're interested in forex, stocks, ETFs, commodities, indices, or cryptocurrencies, you'll find plenty of options to diversify your investment portfolio and capitalize on various market opportunities.
- You're sensitive to trading costs and prefer brokers with competitive spreads. The high spreads on standard accounts offered by this broker may not align with your trading preferences. High spreads can eat into your profits and potentially impact your overall trading performance.
- You're someone who enjoys taking advantage of trading bonuses such as Welcome bonuses or account replenishment bonuses, as you may be disappointed by the absence of such incentives with this broker.
NAGA Summary
Your capital is at risk. Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.36% of retail investor accounts lose money when trading derivatives with this provider. This is not investment advice.
| 💻 Trading platform: | МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App |
|---|---|
| 📊 Accounts: | Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader |
| 💰 Account currency: | USD, EUR, GBP, PLN |
| 💵 Replenishment / Withdrawal: | Replenishment: Visa, Mastercard, Bank transfer, Neteller, Skrill etc. |
| 🚀 Minimum deposit: | $250 |
| ⚖️ Leverage: | up to 1:30 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.7 pips (EUR/USD) |
| 🔧 Instruments: | CFDs on Forex, Stocks, Futures, Indices, Cryptocurrencies, Commodities, ETFs and real stocks |
| 💹 Margin Call / Stop Out: | 100% / 50% |
| 🏛 Liquidity provider: | Not indicated |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution |
| ⭐ Trading features: | Wide range of trading accounts, no commission per lot for currency pairs |
| 🎁 Contests and bonuses: | No available |
NAGA offers a wide range of trading accounts, but the conditions are still not too good for novice traders. The core flaws of the broker are the absence of cent accounts and high spreads on accounts with the lowest deposit requirements. Professional traders can trade on more favorable terms increased margins and spreads from 0.7 to 0.9 pips. However, to get these great benefits, you need to deposit $25,000.
NAGA Key Parameters Evaluation
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Trading Account Opening
Create a personal account and open a real account to start trading with NAGA. The algorithm for transactions is simple:
Go to the homepage of the official website of the company and click "Sign Up" or "Start trading".
Indicate your full name, email address, and telephone number in the registration form. Also, create a username and password; you will use them in the future for authorization of your account. After that, confirm your phone number and email to verify your account. You can also register using your Google and Facebook accounts.
The following is available in your NAGA personal account:
Also, you can find in the user's personal account:
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Top-rated traders for auto copying.
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Quotes for major currencies.
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The Academy section with training materials.
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Button for contacting technical support representatives via online chat.
Regulation and safety
NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange. The NAGA Group AG is the holding company of various companies, such as NAGA GLOBAL LLC, NAGA MARKETS EUROPE LTD, NAGA Technology GmbH, NAGA Pay GmbH and has a close link with NAGAX Europe.
CySEC is a government regulator that monitors the activities of financial companies registered in Cyprus. Licensees must comply with the directives of the legislative and regulatory framework of the European Union, as well as guarantee customers the safety of their funds and personal data and maintain customers’ confidentiality.
Advantages
- Clients’ funds shall be held in segregated accounts and are not associated with the broker's capital
- Protection from negative balance
- In case of a dispute with the broker, any client can file a complaint with the regulator
Disadvantages
- No welcome bonus
- No ECN accounts
- No US clients accepted
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Iron Trader | from $25 | Yes |
| Bronze Trader | from $23 | Yes |
| Silver Trader | from $19 | Yes |
| Gold Trader | from $17 | Yes |
| Diamond Trader | from $9 | Yes |
| Crystal Trader | from $7 | Yes |
There is a swap (commission for shifting transactions to the next day). We also compared the average trading fees charged by industry leaders and NAGA. As a result, each of them was assigned a level from low to high:
| Broker | Average commission | Level |
|---|---|---|
|
$16.6 | |
|
$1 | |
|
$8.5 |
Account types
NAGA offers a wide range of real accounts for traders of any trading experience. Accounts differ in the minimum deposit, the level of the spread, the availability, and the nonavailability of the extra options.
Types of accounts:
Use a demo account to test the broker's service and the trading platforms provided.
The NAGA broker offers favorable conditions for professional traders who are ready to invest large capital in trading.
Deposit and Withdrawal
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All withdrawal requests will be completed within 24 working hours; The minimum transaction amount is 50 EUR/USD/GBP and PLN.
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The methods available for a withdrawal depend on the client’s country of residence. The trader can withdraw money to its NAGA CARD, VISA, VISA Electron, MasterCard, Maestro, Neteller, Skrill.
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Withdrawals are made in EUR and USD. The broker charges an additional trading withdrawal fee of 0-5 EUR/USD (or equivalent) for each transaction.
Investment Options
NAGA broker aims to collaborate with both active traders and passive investors. You can copy trades using the social trading platform. The broker offers favorable trading conditions, automated service for opening orders and profit calculations allow investors to earn income. The investors should take into account the risks involved in the trading activity.
NAGA Auto-Copy is a proprietary copy-trading platform.
Semi-skilled traders and novice traders can take advantage of the knowledge of other traders and automatically copy their trades using the social trading platform. Each investor has access to the best signal providers and copy statistics. After the selected trader is connected to the account, his trades will be automatically copied to the investor's account. The investor pays a predetermined commission fee from his profit to the trader for successful transactions. Key features of NAGA Auto-Copy:
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Transparent statistics for all the transactions: active, non-complete, and complete.
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The top traders are rated based on their profits, the number of profitable trades, and the number of active investors who have connected to the signal provider.
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The trader's transactions are copied automatically onto the investor's account.
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The investor can indicate the exact amount of investment for each trader.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Customer support
The broker's Customer service works Monday through Friday and from 09:00 to 24:00 (EEST).
Advantages
- Live chat is available
- Multilingual support
Disadvantages
- Does not work on weekends
The following methods are available to contact the broker's representatives:
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call to international numbers listed in the "Contact Us" section;
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email;
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online-chat on the website.
You can contact the broker's technical support both in your personal account and on the website.
Contacts
| Foundation date | 2015 |
|---|---|
| Registration address | Ariadnis 7, Moutayiaka, 4531 Limassol, Cyprus |
| Regulation |
CySec
Licence number: 204/13 |
| Official site | naga-global.com |
| Contacts |
+35725041410
|
Education
The company offers educational material. A lot of training materials are available in the Help section, providing access to the Academy, webinars, and analytical tools.
Information available in
the "Help Section"
The company offers a demo account to practice applying the theory of trading with the practical application of independent trading.
Comparison of NAGA with other Brokers
| NAGA | RoboForex | Pocket Option | Exness | FBS | FreshForex | |
| Trading platform |
MT4, MT5, Mobile Apps, Web App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT4, MobileTrading |
| Min deposit | $250 | $10 | $5 | $10 | $1 | No |
| Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.7 points | From 0 points | From 1.2 point | From 1 point | From 0.2 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 40% / 20% | 40% / 20% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | $5 | $30 |
| Cent accounts | No | Yes | No | No | Yes | Yes |
Detailed Review of NAGA
NAGA focuses on cooperating with EU traders. The broker seeks to become the most trusted, secure, and advanced social investment network. NAGA has developed its proprietary digital asset exchange NAGAX such that it supports over 10 million transactions per second. The company also offers NAGA Protector, a tool to limit trading losses.
A few figures that could be interesting for traders choosing a broker:
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Over 500,000 opened trading accounts.
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Access to 1000 trading instruments from a single account.
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More than 5 years on the international market.
NAGA is a broker for active traders and passive investors.
NAGA is a reliable broker that constantly improves the technologies used and expands the list of assets available for trading. The company offers 6 account types with a lot of currencies available, including cryptocurrencies. Traders' transactions are executed instantly with the average order execution time being 0.08 seconds. The auto-trading trading platform NAGA Auto-Copy allows you to automatically copy the trading signals of several traders simultaneously, adjust the auto-copy ratio, and set a specific investment amount.
The broker's clients can work using the MetaTrader 4 and MetaTrader 5 desktop terminals, as well as from the NAGA iOS and NAGA Android mobile applications. A web platform is available for trading with no need to install additional software.
Useful NAGA services:
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The crypto exchange NAGAX allows you to exchange basic cryptocurrency pairs.
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A cryptocurrency wallet is a digital place to securely store and manage your cryptocurrencies and fiat money monies.
Advantages:
Access to over 1000 trading instruments.
A proprietary social trading platform for copying transactions of successful traders.
Provides free analytics, training materials, and trading signals.
A wide variety of trading accounts for traders of any background and competence level.
Free account replenishment.
There are no commissions per lot and it is possible to open a swap-free Forex Islamic account without charging swaps.
User Satisfaction